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Jan 1, 2013
01/13
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the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who want to pass this bill. the faster you're able to get something to the floor and get it through a vote, the more likely you are to attract these conservatives and liberals, by the way, who might otherwise find a reason to vote against it. if the longer they take their time to sort of talk it through and go through the bill's details moment by moment, the more you'll get pressure from the outside and pressure from groups like everybody from the progressive campaign committee on the left to the heritage action and for growth on the right. the outside influences wi
the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who...
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Dec 28, 2012
12/12
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KPIX
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the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start ta
the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers...
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Jan 1, 2013
01/13
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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Dec 26, 2012
12/12
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starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> so as newtown, connecticut, recovers from the tragic shooting, police are across new england stepped in to give officers at the town's police department a day off to spend time with their families and that christmas is one of the millions the town received from all over the world after 20 children and 6 educators died in the massacre. and with students across the u.s. enj
starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news....
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Dec 30, 2012
12/12
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CNNW
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...
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Dec 26, 2012
12/12
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KPIX
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farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefit
farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it...
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Dec 27, 2012
12/12
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CNBC
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no fiscal cliff dealing in sight. now we are talking about hitting the debt ceiling on december 31. what are the top trades for 2013? cnbc contributor michael farr. good to see you. great to have you here. >> thanks, michelle. wonderful to be with you. >> have you heard about what timothy geithner said tonight? >> you are way better looking than kudlow. i know you heard that. this is a much better screen to look at from our glide flattery will get you everywhere. did you hear secretary geithner sent out a note saying that -- letter, official letter saying we are going to hit the debt ceiling monday. lee business days notice. >> perfect. >> what will that do to the markets tomorrow? >> you and i talked about this is a couple of years ago when we hit hit it in july and i was dead wrong. i was entirely dead wrong. i thought congress would make sure we wouldn't lose our aaa debt rate. >> and we did. >> and -- yeah. i figured certainly logically that yields would go up on bonds. and that the stock market would fall and just the opposite happening. what happen this time to the markets sti
no fiscal cliff dealing in sight. now we are talking about hitting the debt ceiling on december 31. what are the top trades for 2013? cnbc contributor michael farr. good to see you. great to have you here. >> thanks, michelle. wonderful to be with you. >> have you heard about what timothy geithner said tonight? >> you are way better looking than kudlow. i know you heard that. this is a much better screen to look at from our glide flattery will get you everywhere. did you hear...
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Dec 30, 2012
12/12
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not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the...
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Dec 30, 2012
12/12
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WBAL
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what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p. bill went down in the fall of 2008 during the financial crisis, kate. >> john harwood, thanks so much. and there will be much more on all of this tight on a live special report on cnbc. it's titled "america's economy held hostage," that's at 8:00 eastern time. >>> overseas, this has been a very deadly weekend in syria, where the civil war has been going on now for 21 months, as fighting raged in a number of cities, activist groups say more than 50 people were killed today and yesterday was far worse, with almost 400 deaths reported. more than 45,000 people have died since the war began. and today, th
what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p....
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Dec 30, 2012
12/12
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. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unlike greta van susstrn and unlike you. >> and the "wall street journal" page. >> it turns out the district
. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card....
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Dec 26, 2012
12/12
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WMAR
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tomorrow to work on the fiscal cliff deal before the year ends. house and senate members are expected to reconvene. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered by the new year. the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be open around the clock. maryland live is also prepared to immediately begin making the modifications required to add table games to the floor as soon as the regulation office makes it official. >>> a new 1200-seat auditorium is set to open in ocean city in 2014. it's going to be located at the ronald e. powell convention center. construction is set to begin in the fall on the $14 million project. >>> well, some netflix customers not too happy. they wanted to curl up on the couch and watch a movie on christmas eve. they were just out of luck. the streaming service for
tomorrow to work on the fiscal cliff deal before the year ends. house and senate members are expected to reconvene. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered by the new year. the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be...
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Dec 29, 2012
12/12
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Dec 27, 2012
12/12
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that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed t
that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the...
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Dec 28, 2012
12/12
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CNBC
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are riding together on come together on the fiscal cliff deal, it does appear the ceo apparently may not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> all right. the selloff is intensifying ri
are riding together on come together on the fiscal cliff deal, it does appear the ceo apparently may not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use...
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Dec 24, 2012
12/12
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, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he get
, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter...
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Dec 24, 2012
12/12
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WBAL
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we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch bo
we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is...
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Dec 26, 2012
12/12
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i know i was tough, the biggest deal. the fiscal cliff killed us. retailers went deep on profession and they said, no. i thrill city nyse's will be bert. >> do you think it's getting better in 2013, bert? >> 2013 starts the retail ice age and maybe the 500 to 1,000-day retail recession. shopping centers, malls-based, starting to refinance some of them will create record vak kiss on the laws. >> which stocks specifically are going to suffer in home depot, radio shack, possibly shorts authority, some of the other office supply category killer stores. >> let me go in mr. glass half hull. anybody coming through had. as mentioned referenced so well. you also have you are even outfitters tutting it on ol centr retailers who have not reinvested back in the business are secularly having the shoppers shift away from them. they are going to have a tougher time. >> i think it's too late to save herb greenberg's bet with brian sullivan for this year, but you were on our show just recently, and you've turned positive for j.c. penney. >> i was a lot more positive
i know i was tough, the biggest deal. the fiscal cliff killed us. retailers went deep on profession and they said, no. i thrill city nyse's will be bert. >> do you think it's getting better in 2013, bert? >> 2013 starts the retail ice age and maybe the 500 to 1,000-day retail recession. shopping centers, malls-based, starting to refinance some of them will create record vak kiss on the laws. >> which stocks specifically are going to suffer in home depot, radio shack, possibly...
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Dec 28, 2012
12/12
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they wanted that house republicans to return a lot sooner to work on a fiscal cliff deal. we know that it will not return until sunday, the house, here is democrat chris van hollen from maryland. reporter: this is not a show. the last ditch effort to bring congressional leaders together to try to get at least a small package ordeal together before the new year. in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final fiscal cliff deal, there is finger-pointing going on. the blame game, if you will, if everything falls apart and the u.s. economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the loom
they wanted that house republicans to return a lot sooner to work on a fiscal cliff deal. we know that it will not return until sunday, the house, here is democrat chris van hollen from maryland. reporter: this is not a show. the last ditch effort to bring congressional leaders together to try to get at least a small package ordeal together before the new year. in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final...
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Jan 1, 2013
01/13
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will go over the fiscal cliff. but what about this deal that is shaping up and may be a done deal? we now turn to chief congressional correspondent mike emanuel live monitoring all of the back and forth up on the hill. hi, mike. >> hi, bret, good evening. democratic sources feel like there is a deal between the white house and congressional republicans to move forward on the deal. republican sources essentially vice president biden s up here to push it across the finish line. there are are some reluctant democrats who think that extending the bush tax cut should have a lower rate. they were hoping it would be only extended for are individuals making $200,000, couples making $250,000. all indications are are the number is going to be extended for those making up to $400,000 and $450,000. a compromise if you will and so bottom line the vice president has come up here to meet with senate democrats to it essentially push it across the finish line after a long day of negotiating with senate republican leader mitch mcconnell. he told members earlier in the day he thought he had a done de
will go over the fiscal cliff. but what about this deal that is shaping up and may be a done deal? we now turn to chief congressional correspondent mike emanuel live monitoring all of the back and forth up on the hill. hi, mike. >> hi, bret, good evening. democratic sources feel like there is a deal between the white house and congressional republicans to move forward on the deal. republican sources essentially vice president biden s up here to push it across the finish line. there are...
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Dec 29, 2012
12/12
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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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Dec 25, 2012
12/12
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washington did not get a fiscal cliff deal for christmas so that means president obama and lawmakers will need to kick it to overdrive to get something done by new year's. this is easier said than done. >> after weeks of bitterness, this is not a contest of the parties between who looks good and who doesn't. >> the only thing both sides agree on now is christmas may provide a cooling off period. >> ebb can drink eggnog. have christmas cookies. sing christmas carols. enjoy company of loved ones. >> hope springers eternal. >> when the christmas trees come down tomorrow from waikiki beach and elsewhere, the nation will be staring at the cliff that economists warned could spark a new recession. the fact is both sides are further apart than the holiday messages suggest. this puts the speaker in a box leading to collapse of plan "a" of $4 trillion debt deal and the slimmeded-down plan "b." >> in the course, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spen spending. >> boehner is saying that the stumbling block will lead to taxe
washington did not get a fiscal cliff deal for christmas so that means president obama and lawmakers will need to kick it to overdrive to get something done by new year's. this is easier said than done. >> after weeks of bitterness, this is not a contest of the parties between who looks good and who doesn't. >> the only thing both sides agree on now is christmas may provide a cooling off period. >> ebb can drink eggnog. have christmas cookies. sing christmas carols. enjoy...
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Dec 29, 2012
12/12
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FOXNEWSW
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i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then a longer term one has to get down to job creation, economic growth, technology growth, international issues affecting our international security, this really needs to happen and it has to be bipartisan and i think we are moving in that direction right now. >> i'm going to make a final bet and prediction with you only because we are odd friends. i will bet you a gentleman's bet that the president wants the fiscal cliff and he will come back and give back the new tax increases and then there will be a huge fight over the debt ceiling and i don't see a path to any rea
i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then...
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Dec 31, 2012
12/12
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WUSA
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a wide-ranging deal to avoid the fiscal cliff remains illusive and washington leaders have only hours to reach an agreement. >>> secretary of state hillary clinton is in a new york city hospital this morning being treated for a blood clot related to her concussion earlier this month. >>> and feats of bravery on a frozen lake. a half dozen people fall through a sheet of life while trying to save a man from freezing cold water. captioning funded by cbs >>> this is the "cbs morning news" for monday december 31st 2012. good morning, everybody, on this new year's eve. good to be with you. i'm terrell brown. secretary of state hillary clinton is being treated for a blood clot. doctors found it following a concussion. marlie hall is at presbyterian hospital this morning. good morning. >> reporter: good morning, terrell. mrs. clinton will spend the morning at the hospital as doctors keep her under close watch. they say she'll be under observation for 48 hours. as you mentioned, a blood clot was mentioned after she came in for a routine exam. it was a follow-up actually to a concussion that sh
a wide-ranging deal to avoid the fiscal cliff remains illusive and washington leaders have only hours to reach an agreement. >>> secretary of state hillary clinton is in a new york city hospital this morning being treated for a blood clot related to her concussion earlier this month. >>> and feats of bravery on a frozen lake. a half dozen people fall through a sheet of life while trying to save a man from freezing cold water. captioning funded by cbs >>> this is the...
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Dec 28, 2012
12/12
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WTTG
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cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday night as the two teams battle it out for the nfc east title and a place in the play-offs.
cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could...
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Dec 26, 2012
12/12
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the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. t
the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped...
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Dec 27, 2012
12/12
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the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the presid
the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's...
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Dec 31, 2012
12/12
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WBFF
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recession.lawmakers hoping for a fiscal cliff deal to ote on when they return to capitol hiil this morning... won't get senators went home ast night wiihout a final fiscal llff package but negotiations will crowlle says: "eeery indication right now is that to not work in ggod faith with the president. there's still time left ann itts my hhpe sennessand do theeright thing &pfor the american people." raising taxes to pay for new - sppnding is not something ttat republicans believe this debate ought to be aboutt it ought to be about reducing the deeicit and the debt and wwat they'rr essentially suggesting is, we want new taxes,,we want higherrtaxes on people in this country to pay for new spending" spending."the senate iss pcheduled to reconnene at 11-a- m. while the fiscal cliff balance...americcns could soon breatte a sigh of relief when it comes to milk prices. lawmakers agreed to ign a one year extension of the u-s farm bill... that wuld stop prices from doubling in 2013.the hhuse of representativee' agriculture committee...the be passsd by the house and senate... and the be signed by dun
recession.lawmakers hoping for a fiscal cliff deal to ote on when they return to capitol hiil this morning... won't get senators went home ast night wiihout a final fiscal llff package but negotiations will crowlle says: "eeery indication right now is that to not work in ggod faith with the president. there's still time left ann itts my hhpe sennessand do theeright thing &pfor the american people." raising taxes to pay for new - sppnding is not something ttat republicans believe...
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Dec 28, 2012
12/12
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WUSA
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fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after chris
fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the...
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Dec 27, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 24, 2012
12/12
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CNBC
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how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume and also the participants in the market are going to be significantly less as a result of these fiscal cliff worries. >> we're going to sort of trend right around here -- it doesn't look like we're going to get a deal before year end of any great significance. that being said, we may get one last year. do we trade in line right here? >> so we're going to trade probably 91 on the upside, 86 on the low side. i think once a deal is done, you're going to see a reemergence of a risk-on rally. i think that's where crude oil breaks out to the upside. we start
how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume...
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Dec 25, 2012
12/12
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KPIX
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real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe otherwise taxes will go taxor everyone on january 1. >> glor: nancy cordes in hawaii. nancy, thank you. the fiscal cliff could mean severe cutbacks and layoffs in cliff couelds, like many medical research. that's forcing leaders to make mugh choices right now. here's wyatt andrews. he andreporter: professor kerri mowen, like hundreds of medical kerearchers, has already fallen off the fiscal cliff. her budget-- which relies on of federal grants-- is being cut by - % now as the n.i.h.-- the national institutes of health-- prepares for the possibility of utes of hes later. >> it's much bigger than just my
real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe...
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Dec 27, 2012
12/12
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. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time aslee
. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i'm going to dream about that steak. i'm...
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Dec 29, 2012
12/12
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CNNW
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>> the fiscal cliff is a big deal because it's kind of like a vampire and garlic. once you go over the cliff, tax rate go up so much, anything is a tax cut beyond nat. the thing is if you're actually raising taxes from a current policy tax line, you would violate his pledge, but once they go up automatically, cutting them from there, which could still mean higher taxes than we have now, is not actually a tax hike. >> you mentioned the godfather, they need to treat him like fraido. >> i appreciate a good godfather reference. number one, hillary versus hillary. here is why, because she has the whole democratic field tied up. here's her denial and james carville setting the report strad. >> i said i don't really believe that that's something i will do again. i am so grateful i had the experience of doing it before. but you know, i think there are lots of ways to serve. so i will continue to serve. >> she's an extraordinarily able person. i never met anyone i thought was a better public servant, but i have no earthly idea what she'll decide to do. >> every democrat i k
>> the fiscal cliff is a big deal because it's kind of like a vampire and garlic. once you go over the cliff, tax rate go up so much, anything is a tax cut beyond nat. the thing is if you're actually raising taxes from a current policy tax line, you would violate his pledge, but once they go up automatically, cutting them from there, which could still mean higher taxes than we have now, is not actually a tax hike. >> you mentioned the godfather, they need to treat him like fraido....
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Dec 29, 2012
12/12
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CNNW
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as a card-carrying fiscal conservative, one of the leading ones in the country, do you feel a bad deal is worse than no deal? would you rather say, if it's not perfect, let's go over the cliff? >> i think raising the capital gains tax, raising the dividend tax, raising the estate tax, raising taxes on small businesses, is a disaster for the economy, it's too fragile. >> that's not true at all. all the research shows that actually the economic activity is not that sensitive to tax rates at the top of the income distribution -- >> that's not true, it's the opposite. >> i'm sorry -- >>> the economy's highly sensitive, that's why countries around the world have been cutting their tax rates. >> we grew faster when we had higher tax rates. >> let's just do it another reality check on this. which is that, whether we go over the cliff or have a scaled-down deal, we've got two things looming, a debt ceiling in probably two months which republicans will no doubt use as leverage. we still don't have a grand bargain that deals with deficit and debt by taking on tax reform and entitlement reform. w
as a card-carrying fiscal conservative, one of the leading ones in the country, do you feel a bad deal is worse than no deal? would you rather say, if it's not perfect, let's go over the cliff? >> i think raising the capital gains tax, raising the dividend tax, raising the estate tax, raising taxes on small businesses, is a disaster for the economy, it's too fragile. >> that's not true at all. all the research shows that actually the economic activity is not that sensitive to tax...
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Dec 28, 2012
12/12
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MSNBCW
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we will kick the can down the road, do a small deal and create another fiscal cliff to deal with this. again a total lack of courage, lack of leadership. >> could they create another cliff? >> it's almost as if they're bouncing off one before bouncing on another further down the canyon. simply by the way the senate and the housework, how the wheels of legislating turn basically, it's nearly impossibility for things to get done before new year's eve unless both chambers lock themselves in those chambers until monday evening. to try to get some of this done. as was sort of already being talked about, as this deadline approached anyway. >> folks are saying, look, it's already so bad, it doesn't work the first time. >> yeah, all the things set to expire would still conceivably expire unless something is in that modest agreement which would likely be mostly about taxes. the spending cuts and things like that would probably -- but most of those wouldn't be felt for a few more weeks or months anyway. >> it seems like any deal would be hammered out in the senate with harry reid and mish mccon
we will kick the can down the road, do a small deal and create another fiscal cliff to deal with this. again a total lack of courage, lack of leadership. >> could they create another cliff? >> it's almost as if they're bouncing off one before bouncing on another further down the canyon. simply by the way the senate and the housework, how the wheels of legislating turn basically, it's nearly impossibility for things to get done before new year's eve unless both chambers lock...
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Dec 26, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 27, 2012
12/12
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. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. with two times the points on dining in restaurants,? you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes,...
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Dec 28, 2012
12/12
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WJLA
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. >> lawmakers have just been a more days to figure out how to avoid the fiscal cliff. present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will considerably smaller. that would be the wrong thing to do. >> after meeting with the president and treasury secretary, congressional leaders headed back to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and exten
. >> lawmakers have just been a more days to figure out how to avoid the fiscal cliff. present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour...
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Dec 29, 2012
12/12
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cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insuran
cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose...
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Dec 31, 2012
12/12
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KPIX
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fiscal cliff. vice president joe biden is now involved in the negotiations, but senate republicans and democratic leaders remain at odds over key issues such as higher tax rates and the inheritance tax. >>> thousands turned out all across india to remember the woman who died during a gang rape. they promised to keep fighting against rape and sex-related crimes. they're also demanding the six men accused face the death penalty. her body was cremated yesterday. >>> here in new york, a woman accused of pushing a man to his death on the subway tracks is being charged with a hate crime. the 31-year-old told police she shoved the man because she thought he was muslim and laughed so hard during her arraignment the judge ordered her to stop. she's undergoing a psychiatric examination and held without bail. >>> in southern california a day of fun on a frozen lake turned into a dangerous rescue effort as one man fell on the ice. carter evans has the story. it was all caught on tape. >> reporter: it was a rar
fiscal cliff. vice president joe biden is now involved in the negotiations, but senate republicans and democratic leaders remain at odds over key issues such as higher tax rates and the inheritance tax. >>> thousands turned out all across india to remember the woman who died during a gang rape. they promised to keep fighting against rape and sex-related crimes. they're also demanding the six men accused face the death penalty. her body was cremated yesterday. >>> here in new...
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Dec 26, 2012
12/12
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cliff deal was not reached. still no deal as we stand. only a few days to go. are you actually planning a hiring freeze or layoffs? >> i think every business man plans the fall part of the year, particularly if they are on a calendar fiscal year. we put "x" percent of our budget at risk with a contingency just in case things go bad in the economy. >> what percentage is that now? >> i don't want to tip off to the street what our -- what our plan is, but what i will say is that we have doubled our contingency this year which puts in a set of action plans that we act on depending on what happens in the economy. so we pull back on cap "x" and gain cap "x" and we include head count. >> us a well know, mark, we've had a whole parade of ceos like you who tell us the very same story. we're waiting. what are you waiting for? what would you like to see from washington that gets to you unleash that cap "x" and other things? >> the best deal would be a big deal. >> you want a grand bargain? >> i mean, americans don't want p
cliff deal was not reached. still no deal as we stand. only a few days to go. are you actually planning a hiring freeze or layoffs? >> i think every business man plans the fall part of the year, particularly if they are on a calendar fiscal year. we put "x" percent of our budget at risk with a contingency just in case things go bad in the economy. >> what percentage is that now? >> i don't want to tip off to the street what our -- what our plan is, but what i will...
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. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the newsroom, keith russell, news4. >>> stay with us. coming up at 50:30, we'll break down the immediate impacts on american there's no deal and explain how it would hit our local economy. again that's in the next half hour. >>> it's an epic rivalry. washington versus dallas. this weekend the stakes are as high as they've ever been. the rivalry can split households right down the middle. richard jordan joins us live from feddics field. richard? >> reporter: pat, there is no doubt about it, come sunday families will be pouring into the stadium or sitting around the tv to watch the big game, but some some cases this matchup
. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the...